Napa Auto Parts

Corporate Guarantee: Backed by Genuine Parts Company, an S&P-rated A- credit tenant and Fortune 200 operator with more than 6,000 locations nationwide.
High-Yield Acquisition at an 8% Cap Rate: Offered at an 8.0% cap rate, providing an above-market entry yield relative to comparable net lease opportunities.
Below-Market Rent with Significant Upside: Current rental rate is below market, creating a meaningful mark-to-market opportunity and potential future NOI growth.
±3 Years 10 Months Remaining: Approximately 3 years and 10 months remain on the current term, with one 5-year renewal option and 1.5% annual rent escalations.
Passive Ownership: Passive ownership structure with landlord obligations limited to roof, structure, parking lot, taxes, insurance, and major mechanical systems.
Established Retail Corridor: Situated within a well-established and densely populated retail corridor, characterized by strong co-tenancy, consistent consumer traffic, and sustained demand drivers that support long-term tenancy and site performance.
Recession-Resistant: Auto parts retail has historically demonstrated durable performance through economic cycles, supported by consistent consumer demand.

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